The price of LED lightbulbs has fallen considerably since the technology was first introduced to the market so now is the time to take advantage of their new lost costs and make some massive energy savings too.

While LED bulbs are still more expensive to buy than traditional incandescents, they can save you a considerable amount of money over their lifetime.

The considerably longer lifespans and energy-saving properties of LED bulbs mean that the upfront cost of upgrading to them can be recouped in a matter of months. And once they’re in, they won’t need to be replaced for years.

LED Savings Chart

To show you just how much money LED lightbulbs could save you, we have compared an LED product with a traditional incandescent equivalent. The LED bulb is a 60W equivalent Crompton Lamps LED 8.5W GLS E27, costing £4.29 and the incandescent is a standard 60W GLS pearl E27, which costs £2.29.

The first cost to consider is for the bulbs themselves. The LED bulb has an average rated life of about 15,000 hours, while the incandescent lasts for only 1,000 hours. That means you would need to buy 15 incandescent bulbs for the same life as just one LED bulb.

So while the LED bulb costs a lot more per light bulb, over its life it is incredibly cost-effective.

Next to consider is the energy needed to power each bulb. The LED lightbulb is incredibly energy-efficient, producing the same light as an incandescent with only a fraction of the power. In this case, the LED bulb uses only 8.5 watts of power, compared to the 60 watts that the incandescent bulb uses.

Thanks to the long life and the energy efficiency of the LED lightbulb, in this example it would take less than six months to recoup the upfront cost of buying it. In fact, the total cost of buying and running the LED bulb over its 15,000-hour life would be less than just the cost of buying the equivalent 15 incandescent light bulbs.

Follow our guide to help you choose the perfect LED light bulb for your application.

Over the life of the bulb, it amounts to an impressive LED saving of approximately £113. Multiply that by the number of bulbs in a typical home and the potential savings are massive.

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[…] Despite this, LED technology still has a comparatively higher initial cost, but its ability to slash lighting bills thereafter and pay for itself over a relatively short period is sure to encourage people to adopt […]